Reservoir Media (RSVR) director takes pay in 654 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reservoir Media, Inc. director Ryan P. Taylor acquired 654 deferred stock units (DSUs) of common stock as part of his quarterly non-employee director compensation, valued using a $7.64 closing share price. These DSUs, each economically equal to one share, are scheduled to settle in common stock on July 28, 2026. The filing also notes substantial indirect holdings through entities including Richmond Hill Capital Partners, Essex Equity Joint Investment Vehicle and ER Reservoir, with Taylor disclaiming beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Taylor Ryan P.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, $0.0001 par value | 654 | $7.64 | $5K |
| holding | Common stock, $0.0001 par value | -- | -- | -- |
| holding | Common stock, $0.0001 par value | -- | -- | -- |
| holding | Common stock, $0.0001 par value | -- | -- | -- |
Holdings After Transaction:
Common stock, $0.0001 par value — 13,103 shares (Direct);
Common stock, $0.0001 par value — 179,389 shares (Indirect, By Richmond Hill Capital Partners, LP)
Footnotes (1)
- Represents Deferred Stock Units ("DSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan"). Each DSU is the economic equivalent of one share of common stock, $0.0001 par value per share (the "Common Stock"), of Reservoir Media, Inc. (the "Issuer"). The Reporting Person acquired these DSUs in connection with the Reporting Person's quarterly compensation for service as a non-employee director of the Issuer. The Reporting Person elected to receive payment of his quarterly compensation in DSUs in lieu of cash. This issuance of DSUs will be settled in shares of Common Stock on July 28, 2026 (the "Settlement Date"). The Reporting Person disclaims beneficial ownership of the underlying shares except to the extent of his pecuniary interest therein. The number of DSUs received was calculated based on $7.64, which was the closing price of the Issuer's Common Stock on the date of grant. Represents Restricted Stock Units ("RSUs") and DSUs awarded in connection with the Reporting Person's compensation for service as a non-employee director of the Issuer. Due to his position as the manager of the general partner of a manager of ER Reservoir LLC (the "Fund"), Reporting Person has directed the Issuer to transfer shares issued upon settlement of the RSUs and DSUs into the account of The Fund on the applicable Settlement Date. The Reporting Person disclaims beneficial ownership of the underlying shares except to the extent of his pecuniary interest therein. The amount of securities shown in this row is owned directly by Richmond Hill Capital Partners, LP ("RHCP"). The Reporting Person is the managing member of the general partner of RHCP and the manager of the general partner of Richmond Hill Investment Co., LP, the investment adviser to RHCP, and may be deemed to be a beneficial owner of the shares owned by RHCP. The Reporting Person disclaims any beneficial ownership of any of the Issuer's securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise, except to the extent of his pecuniary interest therein, and the inclusion of the shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 of the Exchange Act, or for any other purpose. The amount of securities shown in this row is owned directly by Essex Equity Joint Investment Vehicle, LLC ("EEJIV"). The Reporting Person owns an equity interest in an entity that may be deemed to have a pecuniary interest in the shares owned by EEJIV and therefore may be deemed to be a beneficial owner of the shares owned by EEJIV. The Reporting Person disclaims any beneficial ownership of any of the Issuer's securities reported herein for purposes of Section 16 of the Exchange Act or otherwise, except to the extent of his pecuniary interest therein, and the inclusion of the shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 of the Exchange Act, or for any other purpose. The amount of securities shown in this row is owned directly by the Fund. The Reporting Person is the manager of the general partner of a manager of the Fund and may be deemed to be a beneficial owner of the shares owned by the Fund. The amount of securities shown in this row also reflects a transfer of a total of 59,579 shares of Common Stock received upon the settlement of previously issued RSUs and DSUs that the Reporting Person directed to be transferred to the account of the Fund due to his position as the manager of the general partner of a manager of the Fund. (Cont'd in FN 7) (Cont'd from FN 6) The Reporting Person disclaims any beneficial ownership of any of the Issuer's securities reported herein for purposes of Section 16 of the Exchange Act or otherwise, except to the extent of his pecuniary interest therein, and the inclusion of the shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 of the Exchange Act, or for any other purpose.
FAQ
What did the Reservoir Media (RSVR) Form 4 disclose about Ryan P. Taylor?
The Form 4 shows director Ryan P. Taylor received 654 deferred stock units as part of his quarterly director compensation. Each DSU equals one Reservoir Media common share and will be settled in stock on July 28, 2026, instead of a cash payment.
How many Reservoir Media deferred stock units did the director receive and at what price?
Ryan P. Taylor was awarded 654 deferred stock units valued using a closing price of $7.64 per share. This price determined how many DSUs he received for his quarterly non-employee director compensation in lieu of cash fees from Reservoir Media.
When will Ryan P. Taylor’s Reservoir Media DSUs settle into common stock?
The 654 deferred stock units granted to Ryan P. Taylor are scheduled to settle in Reservoir Media common stock on July 28, 2026. At that time, each DSU will convert into one share, delivering his elected stock-based compensation instead of cash payments.
Are Ryan P. Taylor’s Reservoir Media holdings only direct, or also indirect?
The Form 4 shows both direct and indirect interests. Taylor holds shares directly and also has indirect positions through entities such as Richmond Hill Capital Partners, Essex Equity Joint Investment Vehicle and ER Reservoir, while disclaiming beneficial ownership beyond his pecuniary interest in those entities.
Why did Ryan P. Taylor receive deferred stock units instead of cash from Reservoir Media?
Taylor elected to take his quarterly non-employee director compensation in deferred stock units rather than cash. This election converts his board fees into equity-based compensation, aligning part of his remuneration with Reservoir Media’s common stock performance over time.